Selected A-Share Announcements | Tianqi Lithjson Corporation (002466.SZ) Q1 Net Profit Increases by Nearly 1700%

Focus on Today 1. Tianqi Lithium Corporation: Net profit for the first quarter was 1.876 billion yuan, a year-on-year increase of 1699.12%. Tianqi Lithium Corporation announced that its revenue for the first quarter of 2026 was 5.128 billion yuan, a year-on-year increase of 98.44%; net profit was 1.876 billion yuan, a year-on-year increase of 1,699.12%. This was mainly due to the favorable factors such as the development of new energy industries and downstream demand growth. The sales prices of the company's main lithium products in this reporting period were significantly higher than the same period last year, leading to a substantial increase in operating income and gross profit compared to the same period last year; according to forecast data, SQM's performance in the first quarter of 2026 is expected to increase significantly year-on-year, resulting in an increase in the investment income from the associated company confirmed in this reporting period compared to the same period last year. 2. WuXi AppTec: Net profit for the first quarter was 4.652 billion yuan, a year-on-year increase of 26.68%. WuXi AppTec announced that its revenue for the first quarter of 2026 was 12.436 billion yuan, a year-on-year increase of 28.81%; net profit attributable to the listed company's shareholders was 4.652 billion yuan, a year-on-year increase of 26.68%. The change in performance was mainly due to the company's continued focus and strengthening of the CRDMO business model, the continued growth of operating income, the continuous optimization of production processes and operational efficiency, and the increase in production capacity efficiency brought about by the growth in late-stage clinical and commercial projects, which improved the overall profitability. 3. YOUNGY Co., Ltd.: Net profit for the first quarter increased by 1296%, with profits from lithium ore selection business increasing. YOUNGY Co., Ltd. announced that its revenue for the first quarter of 2026 was 3.76 billion yuan, a year-on-year increase of 295.77%; net profit attributable to the listed company's shareholders was 2.78 billion yuan, a year-on-year increase of 1,296.26%. The change in performance was mainly due to an increase in sales volume and price of lithium concentrate in the reporting period, leading to an increase in profits from the lithium ore selection business; at the same time, the increase in investment income also contributed to the positive results. (Translations for rest of the companies available upon request)